Fossil fuels’ share of global energy supply – stuck for decades around 80% – is set to decline t 73% by 2030. For the first time ever, peaks in global demand for coal, oil and natural gas are all visible this decade, based on today’s policy settings.
Without much stronger action, demand for fossil fuels is set to remain too high to keep the goal of limiting global warming to 1.5 °C in reach. Under today’s policy setting, global emissions are on track to push up temperatures by around 2.4 °C.
The transition to clean energy is happening worldwide and it’s unstoppable. The phenomenal rise of clean energy technologies such as solar, wind, and electric cars is reshaping the global energy system. By the end of this decade, nearly 10 times as many electric cars will be on the road, heat pumps and other electric heating systems will outsell gas boilers, and renewables are set to make up almost half of the global electricity mix. But even stronger measures are needed to keep alive the goal of limiting global warming to 1.5 °C.